Trade repository: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>John Grout
m (Correct spelling error)
imported>Modonovan
(Correct spelling)
Line 5: Line 5:
Implementation is through the Dodd-Frank Act in the United States, the European Market Infrastructure Regulation in the European Union and local legislation in many parts of the world.
Implementation is through the Dodd-Frank Act in the United States, the European Market Infrastructure Regulation in the European Union and local legislation in many parts of the world.


Provision of data to repositories is made mandatory for financial insitutions and their business customers and for derivatives entereded into between non-financial businesses (including internal transactions between members in the same group of companies). Partial information is likely to be misleading, of course so gathering of information was conceived as global.
Provision of data to repositories is made mandatory for financial insitutions and their business customers and for derivatives entered into between non-financial businesses (including internal transactions between members in the same group of companies). Partial information is likely to be misleading, of course so gathering of information was conceived as global.


Early indications (2013) are that the lack of detailed definition of the required systems and alowing of multiple repositories using their own make it likely that no global information on the position of institutions will ever be made available to any authority. Costly, though.
Early indications (2013) are that the lack of detailed definition of the required systems and alowing of multiple repositories using their own make it likely that no global information on the position of institutions will ever be made avilable to any authority. Costly, though.


[[Category:Risk_Management]]
[[Category:Risk_Management]]
[[Category:Treasury_Operations_and_Controls]]
[[Category:Treasury_Operations_and_Controls]]

Revision as of 11:12, 12 August 2013

An insitition that is notified of and maintains electronic records of transactions.

It is a concept developed as part of the (re-)regulation of derivatives in wake of the financial crisis early in the 21st Century in order that the authorities are better able to assess the positions and associated risks of institutions and to the financial system overall.

Implementation is through the Dodd-Frank Act in the United States, the European Market Infrastructure Regulation in the European Union and local legislation in many parts of the world.

Provision of data to repositories is made mandatory for financial insitutions and their business customers and for derivatives entered into between non-financial businesses (including internal transactions between members in the same group of companies). Partial information is likely to be misleading, of course so gathering of information was conceived as global.

Early indications (2013) are that the lack of detailed definition of the required systems and alowing of multiple repositories using their own make it likely that no global information on the position of institutions will ever be made avilable to any authority. Costly, though.